Author: Portuguese
The shares of the German banks Deutsche Bank and Commerzbank fell significantly on the Frankfurt Stock Exchange this Friday due to the recent turbulence in the sector and gives uncertainty about the evolution of interest rates.
Deutsche Bank shares were the most affected by the fall, which remained around 10% during the first hours of trading, but sharpened to 14.84% around 12:15 p.m. in Lisbon.
However, at the same time, Commerzbank shares were down 8.37%.
The DAX index of the Frankfurt Stock Exchange suffered the consequences of the fall in bank shares and fell 2.38% to 14,849.20 points.
Source: TSF